1% rentals in Military towns
Who is actively investing in military towns getting 1% returns out-of-state? Would love to hear your successes and challenges.
Most Popular Reply
I have wholesaled some deals in the Fayetteville NC market, where they are getting their 1% returns. Now these buyers are buying cash and using the BRRRR method, and I am finding these deals off market. Not saying you can not find anything on the MLS that will get you that 1% and high COC.
But back to your main questions.. Military towns have seem to do well, now they are by no means bullet proof. So you have to take care of your investments in order to reap the rewards. Investing out of state requires you to have a good team on the ground that you trust to ensure your investment is working as an investment should. Real estate market in Fayetteville is very hot, even during COVID19 so take that for what it is worth.
Hope this helps you in some way.
- Nathan Cross